수열원 히트펌프 시장 규모, 점유율 및 성장 분석 : 설치 유형별, 히트펌프 유형별, 용도별, 시스템 구성별, 제어 시스템별, 지역별 - 업계 예측(2026-2033년)

Water Source Heat Pump Market size was valued at USD 2.3 Billion in 2024 and is poised to grow from USD 3.54 Billion in 2025 to USD 109.65 Billion by 2033, growing at a CAGR of 53.6% during the forecast period (2026-2033).

The water source heat pump (WSHP) market is witnessing significant growth, driven by rising energy efficiency demands and environmental sustainability within the HVAC sector. These systems utilize water as a heat exchange medium, providing an effective solution for heating and cooling while aligning with eco-friendly initiatives. Key factors contributing to the WSHP market's expansion include heightened environmental awareness leading building owners to seek greener HVAC alternatives; the versatility of WSHPs, which cater to various applications from residential to commercial settings while delivering dual heating and cooling; and advancements in technology that enhance performance and usability. Additionally, growing emphasis on reducing operational expenses and long-term energy savings further boosts WSHP demand, signaling a robust market trajectory globally as green HVAC solutions gain traction.

Top-down and bottom-up approaches were used to estimate and validate the size of the Water Source Heat Pump market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Water Source Heat Pump Market Segments Analysis

Global Water Source Heat Pump Market is segmented by Installation Type, Heat Pump Type, Application, System Configuration, Control System and region. Based on Installation Type, the market is segmented into Residential, Commercial and Industrial. Based on Heat Pump Type, the market is segmented into Horizontal Ground Source, Vertical Ground Source, Open Loop Water Source and Closed Loop Water Source. Based on Application, the market is segmented into Space Heating, Hot Water Supply, Swimming Pool Heating and Heat Recovery. Based on System Configuration, the market is segmented into Direct Exchange, Water-to-Water and Water-to-Air. Based on Control System, the market is segmented into Thermostat-Controlled, Smart Control Systems and Manual Control. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Water Source Heat Pump Market

The growing emphasis on energy efficiency regulations and sustainable practices is significantly driving the adoption of Water Source Heat Pump (WSHP) systems. These systems are highly regarded for their impressive performance and minimal environmental impact, making them appealing choices for property owners and developers. As the demand for eco-friendly solutions intensifies, WSHP systems stand out as effective options that align with modern energy-saving goals while reducing carbon footprints. Their ability to provide efficient heating and cooling through the utilization of water sources further enhances their attractiveness, positioning them as a preferred choice in the evolving landscape of energy management.

Restraints in the Water Source Heat Pump Market

One significant challenge facing the water source heat pump (WSHP) market is the initial investment required for installation, which can be higher than that of traditional HVAC systems. This financial barrier may deter some building owners, especially within the residential sector, from pursuing this eco-friendly option. Additionally, the overall demand for water source heat pumps is heavily influenced by the number of stakeholders committed to sustainability and energy efficiency. As awareness grows regarding the importance of adopting greener technologies, the WSHP market may experience shifts in interest and investment, but initial costs remain a critical factor in broader acceptance.

Market Trends of the Water Source Heat Pump Market

The Water Source Heat Pump (WSHP) market is witnessing a significant trend towards energy efficiency, driven by a global commitment to reduce carbon emissions and enhance sustainable practices. As organizations and governments increasingly focus on achieving stringent energy efficiency goals, WSHPs are becoming a favored solution due to their ability to provide effective heating and cooling while optimizing energy usage. Their compatibility with eco-friendly building designs further cements their appeal in the pursuit of sustainability. This rising preference for robust, energy-efficient systems is reshaping the market landscape, positioning WSHPs as a vital component of future-proof residential and commercial developments.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Water Source Heat Pump Market Size by Installation Type & CAGR (2026-2033)

• Market Overview
• Residential
• Commercial
• Industrial

Global Water Source Heat Pump Market Size by Heat Pump Type & CAGR (2026-2033)

• Market Overview
• Horizontal Ground Source
• Vertical Ground Source
• Open Loop Water Source
• Closed Loop Water Source

Global Water Source Heat Pump Market Size by Application & CAGR (2026-2033)

• Market Overview
• Space Heating
• Hot Water Supply
• Swimming Pool Heating
• Heat Recovery

Global Water Source Heat Pump Market Size by System Configuration & CAGR (2026-2033)

• Market Overview
• Direct Exchange
• Water-to-Water
• Water-to-Air

Global Water Source Heat Pump Market Size by Control System & CAGR (2026-2033)

• Market Overview
• Thermostat-Controlled
• Smart Control Systems
• Manual Control

Global Water Source Heat Pump Market Size & CAGR (2026-2033)

• North America (Installation Type, Heat Pump Type, Application, System Configuration, Control System)
  • US
  • Canada
• Europe (Installation Type, Heat Pump Type, Application, System Configuration, Control System)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Installation Type, Heat Pump Type, Application, System Configuration, Control System)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Installation Type, Heat Pump Type, Application, System Configuration, Control System)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Installation Type, Heat Pump Type, Application, System Configuration, Control System)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2023-2025)

Key Company Profiles

• Daikin Industries, Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Carrier Global Corporation (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Johnson Controls International plc (Ireland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Trane Technologies plc (Ireland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rheem Manufacturing Company (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bosch Thermotechnology Corp. (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• O. Smith Corporation (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LG Electronics Inc. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Panasonic Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Grundfos Holding A/S (Denmark)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Danfoss A/S (Denmark)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Viessmann (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• NIBE Industrier AB (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Glen Dimplex Group (Ireland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Modine Manufacturing Company (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Swegon Group AB (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Vaillant Group (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wolf GmbH (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Aermec S.p.A. (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations